Full text of G.12.3 Industrial Production : March 25, 1949

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BOARD OF GOVERNORS OP IKE FEDERAL RESERVE SYSTEM
G. 12#)

For release in afternoon papers, Friday, March 25# 1949
March 2$, 1949
BOS BESS INDEXES
1959 average 5 100 for factory employment ar.d payrolls $
1923*25 average s 100 for construction contracts $
1935-39 average • 100 for a l l other series#
Aid jus ted for
seasonal variation
l&B
1949
Feb.
Feb. f Jan.

Industrial production
Total
Manufactures
Total
Durable
Nondurable
Minerals
Construction contracts, value
Total
Residential
All other
Factory employment
Total
Durable goods
Nondurable goods
Factory payrolls
Total
Durable goods
Nondurable goods
Freight carloadings
Department store sales. value
Department store stocks , value

V.ithout
seasonal adjustment
1%6
1949
Feb.
Feb. | Jon.
190

pl89

191

19L

pl35

187

pl96
p226
P173
pll+9

198
227
17a
151

201
226
180
155

pl93
p22l*
pl68
pW*

195
225
170
H46

pl62
pll?
pl98

133
207

nh

187
152
215

pl 39
pi ok
pl68

1U2
110
168

161
135
183

159.8
166.L
138.7

P153.3
pl77.8
P15U.1

15Zu7
180.7
13U.2

159*5
185.8
158.7

363.2
1+12.8
31U.7

35U.1
393.1
316.0

pl53»6 155.3
P178.3 181.2
pljii.l 13*4.9
mm

mm

*«*

*

mm

mm

*

mm

mm

*

197

22k
176
11*9

126

131

rl58

117

120

129

P273

287

286

p226

226

238

286

303

250

279

*

*

p—Preliminary#
r—Revised.
* Data not yet available#
Note8—Production, carload ings, and department store sales indexes based on daily
averages# To convert durable manufactures, nondurable manufactures, and minerals
indexes to points in total index, shown in Federal Reserve Chart Book, multiply
durable by #379# nondurable by #469# and minerals by #152#
Construction contract indexes based on 3-month moving averages, centered at
second month, of P# W# Dodge data for 37 Eastern States# To convert indexes to
value figures, shown in Federal Reserve Chart Book, multiply total by
#410,269,000, residential by 3164,137*000 and a l l other by ^226,132,000.
Employment index, without seasonal adjustment, and payrolls index compiled
by Bureau of Labor Statistics#



I

_.

*'

:

„ -

•• •'.

"

2.

toSUSTHlAL
fROEtiCTION
. (1935-99 average - 1 0 0 )

- "
Without
"" seasonal-adjustment 1^0
«.
<• l%9
Feb.
fob. | Jan.

. Adjusted for
*" seasonaT variation
1W
1949
F#b# 1 Jm* If Feb.
i

:

M8H0FACTORBS

'' i
j
1
'* " •
• ;
v
.-' '

c.

.. ' ; - . . :

*

228*.'. , 203
217, ; *96
266. 260Pi> j £26
180
199 i 197.
739 • 711
553
p26l 268
eeu
p2Ul: 2U4
252
192
209 J
P205
>199
pl88 184
* '
186'
190
150
pl27 129
pll3 117
135
P153 154 . 178
207
P2P3: 206
*
208
208
168
Pl73 180
p2)l
2b6
237
2U2
239
p l W 160 : . .179
: 153
125 12&
)06:T 311296
185
150
. *
108-123
*
116
103
m -mr*
es
80
s
85
95
»
100
94
*
111
127
Manufactured food products
'
pl59 159 " ; 150
Wheat flour
;
134
Pl2l 125
Meatpacking
;
147
P153 152
Other manufactured foods
pl66 165
] 168
Processed fruits & vegetables P131 139
' litU

Iron and s t e e l
i
Pig iron
' •
Steel
'. - ;
Open hearth
Electric
Machinery
•
• :
Transportation equipment
Automobiles (incl. parts)
Nonferrous metals and products
Smelting and refining*•
Lumber and products
Lumber
Furniture
Stone, clay and glass products •
Cement
s
Clay products
Gypsum and plaster products
Abrasive and asbestos products
Textiles and products
Cotton consumption
Rayon deliveries
Wool textiles
Leather products
Tanning
.—,
^
* Cattle hide leathers
Calf and kip leathers
Goat and kid leathers
Sheep and lazab leathers

p—Preliminary.




p231

•

-

"

•

•

•

-

«•

•~

* Data not yet available.

"

•

1

203
p23i:r . 228
196
.21?
226
265 . 260
180 '
197
199
711
553
739
p26l
268
284
p2Ul
232
2kk
192
p205
209
181+
pl68
m.....
*
186
190
118
pll9
137.
116
pl02
100
178
pl 53
15*4
193
193
P189
#
158
169
160
168
pl64
p221
227
235
2U2
238
p2&
160
179
pl59
123
125
153
296
3C6
313
*
185
150
*
126
108
*
12U
104
• - "ilo - llth - *
86 ; '
84
*
85
99
*
110
87
*
111
127
—144
147
pl43
136
p!22
*125
141
pl46
179
;.152
152
P151
,. 91
90
P 83

- •*

!. —

..

"

INDUSTRIAL PRODUCTION
(1935*29 average * 100)
* Adjusted for
, Aftmtonal variation
1948
"PeV» j Jan. . Feb.
MAMJFACTURES (Copt'.d,)
Paper and products
Paper board
Newsprint production
Printing and publishing
Newsprint consumption
Petroleum and coal products
Gasoline
Fuel t>ii
Coke
Byproduct
Beehive
Chemicals
Paints
Soap
Rayon
Industrial chemicals
Rubber products

~

*

#,

Without
seasonal adjustzmnt
1948
1949
Feb. I Jail.
Feb,

*

pl62
172*
98
pl53
149
P217
Pl67
P193
*

P5H
P252
pl44
pi3i
P307
P438
188

163
163 '
192
179
83
99
155
157
153
144
p215
p227
173
155
206
205
18U
179
177 ; 171
455 ' • 421
257 . 252
158
249
135
147
301
309
434
447
215
193

pl6S • 163
182
174
98
99
150
P152
142
146
p227
P217
pl67
173
205
P193
*
134
*
177
P511
455
256
P253
146
Pl43
132
Pl.29
309
P307
P438
447
138
193

"*163
179
83
155
l4l
P215
155
206
179
171
421
253 157
146
301
434
215

MINERALS
Fuels
Bituminous coal
Anthracite
Crude petroleum
Metals
Iron ore

P155
pl42
p 74
Pl69
•

159
145
88
pl71
105

!

161
155
118
167
120

r

pl55
P l42
P 74
Pl69
*

p 82

159
145
88
pl71
69
74

161
155
118
16?
83
73

* Data not yet"

p—preliminary*
FREIGHT CaRlOADINGS
(1935-39 average = 100)

rl51
124 ' m
124 -130" "rl51"
Coal
198
rl89
198
178
187
Coke
m
101
111
125
125 • 103
113
Grain
61
60
76
76
Livestock
75
79 '
116
107
135
112
129 : i4o
Forest products
46
r 43
44
rl73
185 , , 1 1 5
Ore
. . .
128
•.129";
137
141 ' 146
156
Miscellaneous
69
60
61
71
58
57
Merchandise, l«o.l»
r"Ke vasea*
Hote;—To convert coal and miscellaneous indexes to points in total index, shown
in Federal Reserve Chart Book, multiply coal by *21$ and miscellaneous by *$L8.